funder logo

US NAVAL ACADEMY FOUNDATION INC

US NAVAL ACADEMY FOUNDATION INC

ANNAPOLIS, MD, US
501(c)(3)
EIN
23-7003516
Fund Raising & Fund Distribution
Regional Funder
funder logo

US NAVAL ACADEMY FOUNDATION INC

ANNAPOLIS, MD, US
501(c)(3)
EIN
23-7003516
Fund Raising & Fund Distribution
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$60,735,637

Contributions
76%
Other
13%
Program Services
7%
Investments
5%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$43,615,672

Grants
73%
Salaries & Benefits
14%
Fees to Service Providers
6%
Other
3%
Depreciation
2%
Offices, Occupancy & IT
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$32,873,297
$46,188,567
+41%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$3,580,805
$4,143,518
+16%
Membership Dues
$0
$0
-
Investments
$1,686,950
$2,735,142
+62%
Other
$4,579,544
$7,668,410
+67%
Total Revenues
$42,720,596
$60,735,637
+42%
Expenses
2023
2024
Change
Grants
$33,310,642
$32,039,769
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,687,255
$6,093,307
-9%
Fees to Service Providers
$1,208,675
$2,556,935
+112%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$580,716
$675,001
+16%
Interest
$0
$0
-
Depreciation
$281,067
$836,064
+197%
Other
$2,038,865
$1,414,596
-31%
Total Expenses
$44,107,220
$43,615,672
-1%
Net income
2023
2024
Change
Net income
-$1,386,624
+$17,119,965
-1335%
Functional Expenses
Summary
2023
2024
Change
Program
$33,324,153
$32,039,769
-4%
Admin
$795,782
$2,252,597
+183%
Fundraising
$9,987,285
$9,323,306
-7%
Total Expenses
$44,107,220
$43,615,672
-1%
Income Statement
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